Statoil Gets Approval for New Well in PL 265 (Norway)

The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 16/2-15, cf. Section 8 of the Resource Management Regulations.

Well 16/2-15 will be drilled from the Ocean Vanguard drilling rig at position in the North Sea east after completing drilling of appraisal well 16/2-14 for Statoil in production licence 265.

The drilling programme for well 16/2-15 relates to drilling of an appraisal well in production licence 265. Statoil Petroleum AS is the operator with an ownership interest of 40 per cent. The other licensees are Petoro AS with 30 per cent, Det norske oljeselskap ASA with 20 per cent and Lundin Norway AS with 10 per cent.

The area in this licence consists of part of block 16/2. The well will be drilled about 2.3 kilometres south of the 16/2-11 well in the central part of the North Sea.

Production licence 265 was awarded on 24 April 2001 (NST 2000). This is the tenth well to be drilled within the licence’s area.

The permit is contingent upon the operator securing all other permits and consents required by other authorities before commencing drilling activities.

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Press Release, November 14, 2012